Insights

Bitcoin holds just under $24k – DXY breaks 105 for the second time this year as PCE comes in hotter than expected

exchange68September 13, 2024

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Quick Take

Feb. 24 saw an influx of macro data, which includes the PCE index, personal income, and consumer spending.
PCE data came in hotter than expected.

Headline y/y 5.4% vs. 5%

Core y/y 4.7% vs. 4.3%

Headline m/m 0.6% vs. 0.5%

Core m/m 0.6% vs. 0.4%

Consumer spending 1.8% vs. 1.4%

Personal income 0.6% vs. 1%

Bitcoin went down to $23.7K on initial news — while the DXY broke 105

Analyst

James Van Straten

Former Lead Analyst at CryptoSlate

James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century’s paramount invention.

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